FuelCell Energy
FCEL
139 hedge funds and large institutions have $156M invested in FuelCell Energy in 2025 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 43 increasing their positions, 18 reducing their positions, and 22 closing their positions.
414% more capital inflows, than outflows
Capital inflows: $102M | Capital outflows: $20M
139% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 18
91% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 22
60% more call options, than puts
Call options by funds: $26.2M | Put options by funds: $16.3M
17% more funds holding
Funds holding: 119 → 139 (+20)
4.7% less ownership
Funds ownership: 49.37% → 44.67% (-4.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Legal & General Group
London,
United Kingdom
|
+$23.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.6M |
| 3 |
CenterBook Partners
Greenwich,
Connecticut
|
+$10.5M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.38M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$5.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$4.95M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.36M |
| 3 |
Walleye Capital
New York
|
-$2.35M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.98M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$1.53M |
FCEL Hedge Fund Activity: Q4 2025 in Review
139 of the 8,307 institutional investors tracked by Wall St. Rank reported a position in FuelCell Energy (FCEL) for Q4 2025, worth a combined $156M — up 78% from $87.8M a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new FCEL positions and 22 closed out — a net gain of 20 holders — while 43 added to existing stakes and 18 trimmed.
The largest buyer was Legal & General Group, opening a new position worth an estimated $23.6M. The largest seller was Marshall Wace, cutting an estimated $4.95M.
- 139 institutional investors held FuelCell Energy (FCEL) as of Q4 2025, up from 119 in Q3 2025.
- Funds reported $156M of FuelCell Energy stock for Q4 2025, up 78% quarter-over-quarter.
- 42 funds opened new FuelCell Energy positions in Q4 2025 and 22 closed out, a net change of +20 holders.
- The largest FuelCell Energy buyer in Q4 2025 was Legal & General Group, an estimated $23.6M added.
- The largest FuelCell Energy seller in Q4 2025 was Marshall Wace, an estimated $4.95M sold.
Based on aggregated 13F filings for Q4 2025.